Apex Space
Assembly Line
Apex Raises $95M in Series B Funding to Increase Productized Satellite Bus Manufacturing
Apex, a Los Angeles-based spacecraft manufacturing company, announced its $95 million Series B funding round. The funding round was led by XYZ Venture Capital, an early investor in the company, and co-led by CRV, alongside new investors Upfront, 8VC, Toyota Ventures, Point72 Ventures, Mirae Asset Capital, Outsiders Fund, GSBackers, existing investors Andreessen Horowitz, Shield Capital, J2 Ventures, Ravelin, angels Baiju Bhatt, co-founder of Robinhood, and Avalon Capital Group, private investment company founded by Ted Waitt, co-founder of Gateway, Inc.
As the only producer of truly productized satellite buses, Apex is dedicated to helping customers rapidly advance space capabilities. Traditional buses are custom built for every spacecraft, adding months or years to the process of getting payloads on orbit. Apex allows customers to get to space faster, without the need for a bespoke bus for every launch with their productized platform. The fundraise, which allows them to increase production to meet customer demand, follows the successful launch of Apex’s first bus in March and a growing number of customers.